Loop Capital Begins Coverage on PayPal Holdings, Inc. (PYPL)
PYPL has been the subject of a number of other reports. Vetr upgraded shares of PayPal Holdings from a hold rating to a buy rating and set a $42.50 price target for the company in a research report on Monday, October 3rd. Jefferies Group reiterated a buy rating and issued a $52.00 price target on shares of PayPal Holdings in a research report on Thursday, December 1st. Deutsche Bank AG reiterated a buy rating and issued a $52.00 price target on shares of PayPal Holdings in a research report on Friday, October 21st. Wedbush reiterated an outperform rating and issued a $50.00 price target on shares of PayPal Holdings in a research report on Friday, September 23rd. Finally, BTIG Research reiterated a buy rating and issued a $48.00 price target on shares of PayPal Holdings in a research report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. PayPal Holdings currently has an average rating of Buy and a consensus target price of $45.96.
Shares of PayPal Holdings (NASDAQ:PYPL) traded up 0.41% during trading on Tuesday, reaching $41.73. 1,317,151 shares of the company were exchanged. The stock’s 50 day moving average is $39.77 and its 200 day moving average is $39.15. PayPal Holdings has a 1-year low of $30.52 and a 1-year high of $44.52. The company has a market capitalization of $49.24 billion, a price-to-earnings ratio of 36.93 and a beta of 0.91.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company earned $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. PayPal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Equities analysts anticipate that PayPal Holdings will post $1.50 earnings per share for the current year.
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In other news, EVP Gary J. Marino sold 1,729 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $39.29, for a total value of $67,932.41. Following the transaction, the executive vice president now directly owns 44,802 shares in the company, valued at $1,760,270.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tomer Barel sold 28,768 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $41.84, for a total transaction of $1,203,653.12. Following the transaction, the executive vice president now owns 47,283 shares in the company, valued at $1,978,320.72. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its position in shares of PayPal Holdings by 3.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,438 shares of the company’s stock valued at $100,000 after buying an additional 82 shares during the last quarter. SevenBridge Financial Group LLC acquired a new position in shares of PayPal Holdings during the second quarter valued at about $120,000. Mycio Wealth Partners LLC boosted its position in shares of PayPal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of PayPal Holdings during the second quarter valued at about $132,000. Finally, Integrated Wealth Management boosted its position in shares of PayPal Holdings by 9.4% in the second quarter. Integrated Wealth Management now owns 3,761 shares of the company’s stock valued at $137,000 after buying an additional 322 shares during the last quarter. Institutional investors own 79.65% of the company’s stock.
About PayPal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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